Menard Financial Group LLC Buys 5,132 Shares of PulteGroup, Inc. (NYSE:PHM)

Menard Financial Group LLC increased its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 9,503.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,186 shares of the construction company's stock after buying an additional 5,132 shares during the period. Menard Financial Group LLC's holdings in PulteGroup were worth $523,000 as of its most recent SEC filing.

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Other hedge funds have also added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new stake in shares of PulteGroup during the 4th quarter worth approximately $37,000. TD Waterhouse Canada Inc. grew its holdings in PulteGroup by 43.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after purchasing an additional 105 shares during the period. American National Bank & Trust purchased a new stake in PulteGroup in the first quarter worth $39,000. Quarry LP bought a new stake in shares of PulteGroup in the fourth quarter valued at $43,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of PulteGroup during the 1st quarter valued at $54,000. Institutional investors own 89.90% of the company's stock.

PulteGroup Stock Performance

PulteGroup stock opened at $113.31 on Thursday. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47. The firm's fifty day moving average price is $106.26 and its 200-day moving average price is $105.22. The stock has a market cap of $22.36 billion, a P/E ratio of 8.47, a price-to-earnings-growth ratio of 0.34 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77.

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PulteGroup (NYSE:PHM - Get Free Report) last released its earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share for the quarter, topping analysts' consensus estimates of $2.92 by $0.11. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.42 billion. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%. PulteGroup's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.83 EPS. On average, equities research analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PHM. Royal Bank Of Canada boosted their price objective on PulteGroup from $109.00 to $112.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company upped their price target on shares of PulteGroup from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Raymond James Financial reiterated an "outperform" rating and issued a $140.00 price objective (up from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. UBS Group increased their target price on PulteGroup from $141.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Barclays decreased their price target on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.15.

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Read Our Latest Report on PHM

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.

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